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Anti Money Laundering

Anti Money Laundering Information

The Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) legislation is designed to help combat the illegitimate use of the financial system for disguising proceeds of crime or financing terrorism

Compliance

Perennial complies with its AML/CTF obligations and has an AML/CTF compliance program in place.

As part of the AML/CTF legislation we must identify all new clients. If you are an existing client you are not required to complete these requirements. Perennial’s Application form and the identification forms below (when required) capture information relevant to the client/customer type and no new accounts can be opened without the appropriate form being completed.

Those not required to complete AML forms

The below investor types are not required to complete these forms as the required information and ID requirements are amalgamated into Perennial’s application form:

  • Individuals and Sole Traders;
  • Australian Companies;
  • Australian Regulated Trust and Trustees (incl. SMSF);
  • Government Bodies; and
  • Unregulated Trusts and Trustees.
Those required to complete AML forms

The below investor types are not required to complete these forms as the required information and ID requirements are amalgamated into Perennial’s application form:

  • Partnerships;
  • Associations;
  • Foreign Companies;
  • Registered Co-Operatives.
AML Identification Forms

The identification forms are based on the client/customer type outlined below. Please click on the forms to download. (Note: Perennial is using the industry-standard forms created by the Financial Services Council (FSC) and the Financial Planning Association (FPA))

Individuals and Sole Traders
Australian Companies
Australian Regulated Trusts and Trustees (incl. SMSF)
Partnerships and Partners
Associations
Registered co-operatives
Government Body
Foreign Companies
Verifying Officer
Unregulated Trusts and Trustees
Frequently Asked Questions

Do you have a question about Anti Money Laundering? Perhaps we can help below

When does the identification form need to be completed?

The identification form (including the appropriate verification information) is required to be completed for all new investor applicants classified as Partnerships, Associations, Foreign Companies and Registered Co-Operatives when applying for a product or service. All new Individuals and Sole Traders, Australian Companies, Australian Regulated Trust and Trustees (incl. SMSF, Government Bodies and Unregulated Trusts and Trustees investors are not required to complete the above forms as the required information is gathered in Perennial’s Application Form.

What happens if the identification form is not supplied?

Under AML/CTF legislation, Perennial will not be able to open an account for the types of investors stated above if the identification form and required ID is not supplied.

What forms of identification are acceptable?

Different verification requirements apply to the different customer types. Perennial is using the industry standard list created by FSC and the FPA. The applicable verification requirements are outlined in the explanatory notes on each of the identification forms. For Individuals and Sole Traders, Australian Companies, Australian Regulated Trust and Trustees (incl. SMSF, Government Bodies and Unregulated Trusts and Trustees please refer to Perennial’s Application Form for requirements.

Need help?

For more information about Anti Money Laundering or the new customer identification form, talk to one of our Client Service Representatives.